Quote from: Savemore on November 28, 2019, 07:08:38 AM

Quote from: JC btc on November 27, 2019, 04:36:26 PM

Quote from: supercanada1 on November 27, 2019, 01:33:12 PM

Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.

There is really good thing when you have a lot of knowledge, seems like you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.

Whales can really manipulate the market but we can minimize our losses if we have good plan trade. The plan should consists of the following: we should know our entry point, the rewards and the risks and also the cut loss point where you can minimize your losses. If you will follow your own plan, then you can high chance of winning your trades.

While a trader that can do that is in a better shape than most traders that is still not enough, you need to know for sure if what you are doing is profitable and the only way in which you can do that is to test your strategy against what the market has done in the past and see what are your results, if you can obtain positive results then you know that you have a very high chance of being profitable but if that is not true then it doesn't matter that you know all of that since you will lose your money anyway.